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center. in today's cover story, why healthcare costs have increased in recent months. plus, it's been 4 years since the housing bubble burst - punishments for big banks may finally be around the corner. and, one of the richest men on wall street is trash-talking a taco stock. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, october 3rd. i'm angela miles. in today's first look: the debate in denver. the first presidential debate is tonight, and it's starting to take on the feel of a sporting event. ahead of the showdown, muted action from the market. the dow sold off 33 points, and small gains were made in the s&p 500 and nasdaq. gold and oil pulled back slightly. meg whiteman, the ceo of hewlett-packard, will hold her first analyst meeting today since taking the job last september. traders have become concerned about the the tech company's competitiveness in the consumer and corporate in spaces. let's get a jump on the trading day now with mark sebastian of option pit mentoring. g
- in healthcare, information technology and customer service. "when you do see big companies showing improvement and small companies too, that's all good news and means we're pointed in the right direction." grasz says it sets the stage for a strong 2013, even as congress prepares to grapple with the so-called "fiscal cliff" of expiring tax cuts and spending programs. "right now, it seems as though business doesn't think washington will be that crazy as to let that the fiscal cliff happen. government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or weren't sure. but retailers plan to use the holidays as an audition for full-time applicants. john challenger says out of 700,000 holiday hires, 25% will see it lead to a full-time position. on the flip side of all this, layoffs are at their lowest levels in a decade. even cutbacks to government payrolls have s
each other on healthcare taxes and the deficit. >>> blue angels will be here this afternoon. news chopper 2 was here when they arrived in the bay area on tuesday. at 12:30 they are scheduled to hold a practice flight over the building and you fans can meet the pilots at pier 39 which starts at 7:15. you can get the rest of all of this. look at the hot topic section right there on the home page. >>> sal? >> i am just on the phone with bart. >> she said -- the nice lady, deborah, thank you very much. >> hold on, please, i am on television. >> i wanted to hear what she was saying. she said that the bart delays are spreading out and they should be gone in an hour or so. she was telling me that the bart delays are still 20 minutes and now tapes are moving at full speed and some are delayed as much as 20 - 30 minutes. i just got the rundown, and all level savage is on this story. we got some pictures from the maintenance vehicle right near the mcarthur steaks that caused the problem. let's go to the bay bridge. we were worried about -- you know people are worried about hearing about the
. healthcare and biotech funds are up a strong 22% this year. but a money manager tell us the opportunity to get in those stocks may not be over. "well, i think glaxosmithkline is the pick of the litter in the large-cap pharmaceutical sector. as you know, there's been a flight to quality and safety in yield. glaxosmithkline, which is based in the uk, pays a dividend yield every quarter. kellison belives the stock may be 10 to 15 dollars undervalued. he adds that while lilly is trading near its highs, merck could still offer a bit of rally action for investors. honda is expanding a recall. the company is recalling 600,000 accords with v-6 engines made between '03 to '07 due to power steering hose problems. honda claims the hoses can crack and lead to fuel leaks. one fire has been reported due to the faulty part. in may, honda recalled around 50,000 acuras due to a similar problem. meanwhile, at gm, 41,000 cars are being recalled for fuel pump issues. the models include the g-5, cobalt, and 2007 ions, equinox and torrent suvs. amazon's new kindle is already becoming popular. pre-orders for
. hospital negotiations say they want them to pay more for their healthcare. >> it sickens me, they are asking the nursing force, the force that drives this hospital to take reductions. >> hospital executives are concerned about the financial problems after they go into effect. 73% of patients do not receive care that is fully covered by medicare reimbursements. >>> you may notice more students walking to school. many plan to take part in the event and the goal is to encourage healthy habits and reduce pollution. let's go to sal for traffic, let's just keep an eye out for everybody walking to school today. >> that is a good idea. people are getting out early and last time i spoke to you i told you about a chase going on southbound 880 on, a street. everything is being resolved, they are taking somebody into custody and you may see some police activity. let's move along and take a look at 880 westbound, that looks good as you move towards the bay plaza which is light. this traffic looks good in and out of the city approaching the 80 split. >>> it is 4:38 let's go to steve. >>>
states, many say it was good night as he traded jazz on jobs on healthcare and taxes. >>> governor romney has a perspective, if we cut taxes skew towards the wealthy, we would be bare off. >> i don't want to cost jobs, my priority is jobs so i bring down the rates. >> aggressive romney talks about what he will cut. >> i will eliminate all programs by this test. is the program so critical it is worth -- >> governor mitt romney is going to have a busy first day because he is going to repeal obama care among democrats as you can sitting down with them. >> and the next presidential debate is on october 16th in new york. >> time now 4:33, people gathered at debate watch parties and over flow crowds showed up in san jose and among those, political science professors. i think mitt romney did a great job, obama looked a little off his game. i think mitt romney did a better job tonight. >> i think the winner is the president because he is the president and his opponent has to be able to say why he should be better than the incumbent and i don't think that was necessarily done tonight. >> and a deb
line. nurses say hospital negotiators want to take pay cuts and pay more for their own healthcare. >> it sickens me, it is a shame they are asking the nursing force, the force that drives this hospital to take reductions... >> hospital executives are worried about the hospital after the affordable healthcare law takes affect. 70% are not fully covered by medicare reimbursements. >>> susie is back with her owner after an incredible story. she ran in front of a car and became stuck in the car's grill. the driver didn't know what happened and a person flagged the driver down. animal control pulled her out of the grill and they aired the story and they found out what happened to their dog. >> i have no idea how she made it without getting killed. >> suzie survived with a concussion and a chipped tooth and her owners say she is a miracle dog. >>> sal, how is traffic this morning? >> you know, it is getting more crowded and we'll see more and more cars joining us for this commute. in the south bay you can still get ahead as we check in with chp and we don't have any stalls or accidents.
are up. health-care costs have gone up by $2,500 per family. middle income families are being crushed, and for the answer of how to get them going again, you describe it, balancing our budget, energy, those are the cornerstonee of my plan. first, education. i agree, education is key for the future of our economy. our training programs right now, 47 of them are housed in the federal government, reporting to eight difffrent agencies. we've got to get those dollars back to the states and go to the workers. the secondary, taxation. we agree, we have to bring the tax breaks down both for corporations and for individuals. in order to not lose revenue, also lowered deductions and credits and exemptions so we can take in the same amount of money when you account for growth. the third area, energy. energy is critical, and production of oil and gas in the u.s. is up, but not due to his policies, in spite of his policies. mr. president, all the increase in natural gas and oil has happened on private land, not on government land. on government land, your administration has cut the number of permi
republican vote. >> over the last two years healthcare premiums have gone up it is true but they have done up slower than ape time in the last 50 years. >> i put forward a specific 4 trillion dollar deficit reduction plan. >> my number 1 principal is there will be no tax cut that adds to the deficit. >> it is not possible to come up with enough deductions and loopholes that only effect high income individuals to avoid either raising the deficit or burdening the middle class, it is math. >> i like big bird and you too, but i am not going to keep borrowing money from china to pay for it. >> we have more including a fact check of the statements made last night. find it at ktvu.com. >>> a drive is scheduled for this afternoon in san jose to register homeless and other low income people to vote. the goal is to get homeless people involved in the political process. the registration push will be from 2:00 to 6:00 at the reception center on little orchard street in san jose. it is part of national homeless and low income voter registration week. >>> two people shot any killed in the driveway of this
on tax, healthcare and foreign policy. president obama and romney face off tomorrow night in denver. the stakes are especially high for romney when it comes to women voters. we'll have more on that at 7:15 when we go live to our washington, d.c. bureau. >>> the oakland as beat the texas rangers, 4-3. the as are heading back to the playoffs for first time in six years. [ cheers ] >> struck out all three batters at the top of the 9th. the celebration started. that means at the very least, the as clinched one of the two american league championships. the celebration moved into the clubhouse. the champagne, the beer was knowing. the players started dancing, too. coco crisp played a big role in the game, doubling in the go- ahead run and epscoreed the eventual run. you know, you wouldn't think that all of these rookies would be doing something like this but they have better mentality and they have this useful spark. >> yeah. the as have two games left, tonight and tomorrow afternoon. the now -- they are now one game behind texas. if they win both against the rangers the as will be the we
an advantage when it comes to taxes, healthcare and foreign policy. now another pole shows the steaks are high when it comes to women voters. we will take you live to washington d.c. and we will hear how president barack obama and mitt romney are getting ready for tomorrow night's big bee bait. >>> allie rasmus joins us from outside the oakland coliseum with the celebration that followed the clencher, good morning allie. >> reporter: the team is headed to the playoffs, last night they secured one of the two wildcard spots in the american league west. with that the oakland a's beat the texas rangers and they had their hats on and there was plenty of champagne to celebrate and the party moved into the clubhouse. last night's game was not a sellout but the as gave some of the crowds some sad advice. >> this is our place, we are loving it. it feels great, this is something we did together all year and we have come together and we have a lot of great memories this year and we are not done. >> now for the fans and the team it's on to the next step. they have a game tonight and tomorrow and if they w
. >> over the last two years healthcare people are -- premiums are harder to pay >> >> and trains are running more slowly and that's going to cause major delays. . >>> welcome back. early verdicts are rolling in for the debate 45% say mitt romney out worked president barack obama. good morning sandra for an early analysis. >> reporter: good morning. mitt romney came out strong in last night's performance during the first showdown between the two candidates and talking about the specifics. 67% of voters who watched the debate said mitt romney won versus 2 5% for president barack obama. the first presidential debate focused and candidates have plenty to talk about including health care reform. >> in my state we had republicans and democrats come together and work together. what you did was push through a plan without a single republican vote. >> in the past two years, it has gone up but they have gone up slower than any time in the last four years. >> my number one principal said there will be no tax cut that adds to the deficit to a void the middle-class, it is maddening. >> he --
and planning new tax increases if he gets another term. >> liberals pay for government run healthcare, you will pay more for taxes and for your medicine. >> reporter: campaign staffers say he has lowered taxes and his claim is mostly true, both candidates are spending the day off the campaign trail practicing for tomorrow's big day. mitt romney is softening his stance on a key immigration issue and now he is saying he will honor temporary work permits, allow them to stay in the united states because of president barack obama's recent executive order. reporting live from washington d.c., allison burns, ktvu channel 2 morning news. >> don't forget, we will bring you the coverage live and the debate will be followed by a special addition of our ktvu news. >>> and they are warning about identity theft after several male thefts were reported in novato. 2 dozen mailboxes were reported on school road and crest road. the mail stolen included personal checks, credit cards and other items containing financial information. if you have any information about these thefts, get in contact with the police
in on jobs, taxes, and healthcare. good evening, everyone, i'm frank somerville. >> i'm julie haener. the initial reaction is, no big gaffes and no knockout in the first face-to-face. observers say mitt romney did what he needed to do, while the president seemed more low-key. we have coverage at the university of denver, where that debate was held. maureen naylor is in san jose, and amber lee is in walnut creek. we're going to begin right now with eric rasmussen. >> reporter: both president obama and mitt romney focused on their plans for the economy, and even had a lengthy debate about keeping obamacare. >> reporter: while the first debate started with a friendly greeting, even a mention of the president's 20th wedding anniversary, mitt romney came out swinging on the economy. >> the president has a view very similar to the view he had when he ran four years ago. that a bigger government, spending more, taxing more, regulating more. >> are we going to double down on the policies that got us into this mess, or do we embrace a new economic patriotism. >> reporter: romney often looked
at those places, angry about lower pay for new hires and higher healthcare costs. some will pay for them and get pay increases. >> of course, the debate prompted feedback but one comment from a top company has sparked outrage because it made a reference to the president dead grandmother. >> also after disappointment a glimmer of good news for facebook. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ [ male announcer ] the all-new lexus es 350. i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just three blocks away from t.j.maxx, which was perfect because i needed everything and i still needed to make rent. t.j.maxx is such a great place cause i know when i go in there i'm gonna score. they've got such great deals on all my favorite brands. fashion direct from designers. savings direct to you. this maxxinista can make it anywhere. t.j.maxx. let us make a maxxinista out of you. >>> didn't take long from sun
Search Results 0 to 14 of about 15